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Can I Sell Real Estate I Own to an LLC I Create?

January 8, 2015June 22, 2010 by Standard Legal

Yes, a person can sell the real estate property he or she owns to anyone (or any entity) that can make the purchase. But there is a practical consideration that must be examined to be able to complete the transaction.

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Categories For Sale by Owner Home Sale Questions, Limited Liability Company LLC Questions, Quitclaim and Warranty Deed Questions

If I Start an LLC with a Partner Who Owes Child Support or Back Taxes, Can the Government Take Money from the Business?

June 16, 2010 by Standard Legal

Much of the ability of a government agency to easily seize or attach assets for issues like unpaid child support or unpaid taxes rests with the type of business structure created.

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Categories Business Partnership Questions, Incorporation Questions, Limited Liability Company LLC Questions

Does an Only Sibling Have a Right to See the Content of Her Brother’s Will?

June 15, 2010 by Standard Legal

Such a question requires a second question prior to answer: is the brother alive or deceased?

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Categories Last Will and Testament Questions

What is a Residuary Clause in a Last Will and Testament?

June 10, 2010 by Standard Legal

A ‘residuary clause’ in a Last Will & Testament concerns that portion of the testator’s estate that is not specifically granted or bequeathed to someone in the other portions of the Last Will & Testament.

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Categories Last Will and Testament Questions

Do I Amend or Create New Documents to Significantly Change a Will or a Trust?

June 9, 2010 by Standard Legal

If the changes to a Last Will and Testament or a Living Trust are significant, a person can create new documents to take the place of the existing documents. But a Will and Trust must be handled differently.

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Categories Last Will and Testament Questions, Living Will Questions

Should a Last Will and Testament’s Codicil Be Made Public Record?

June 8, 2010 by Standard Legal

If the Last Will & Testament document itself is made public record by the Probate Court, the codicil should also be made public as well, in typical circumstances.

That being stated, there may be state or local rules of the court that prevent certain documents from being made public.

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Categories Last Will and Testament Questions

Does a Spouse Give Up Rights to Personal Property if He or She Moves Out?

January 8, 2015June 7, 2010 by Standard Legal

A person does not give up his or her property rights because of a move to a new location. So in most instances, a spouse would not lose ownership claim to items like furniture, clothing, jewelry, electronics, etc. simply for moving out of the residence.

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Categories Divorce Questions, Marital Separation Agreement Questions

Should I Use a Quitclaim or Warranty Deed to Transfer Property from a Trust to an Individual?

June 4, 2010 by Standard Legal

The decision as to which type of Deed a person should use to transfer property to another depends upon the type of guarantee the person making the transfer wishes to provide.

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Categories Living Trust Questions, Quitclaim and Warranty Deed Questions

Can I Create a Will That Leaves My Estate to My Children and Grandchildren, But Not the Spouse of My Child?

June 3, 2010 by Standard Legal

It is not possible to create a stipulation within a Last Will and Testament that prevents access to the distributed assets of an estate by your heir’s spouse. But there are other options.

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Categories Last Will and Testament Questions, Living Trust Questions

Must I Notarize New Trust Documents Each Time I Add or Transfer Property on Behalf of the Trust?

June 2, 2010 by Standard Legal

The Trustee may transfer property and manage the Trust assets without re-executing the Trust each time. 

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Categories Living Trust Questions
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